The stock of Alaska Air Group Inc (ALK) has gone up by 6.42% for the week, with a 29.01% rise in the past month and a 62.11% rise in the past quarter. The volatility ratio for the week is 3.20%, and the volatility levels for the past 30 days are 2.99% for ALK. The simple moving average for the past 20 days is 14.84% for ALK’s stock, with a 55.35% simple moving average for the past 200 days.
Is It Worth Investing in Alaska Air Group Inc (NYSE: ALK) Right Now?
The price-to-earnings ratio for Alaska Air Group Inc (NYSE: ALK) is above average at 27.14x. The 36-month beta value for ALK is also noteworthy at 1.56. There are mixed opinions on the stock, with 9 analysts rating it as a “buy,” 5 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
The public float for ALK is 126.45M, and at present, short sellers hold a 7.25% of that float. The average trading volume of ALK on December 24, 2024 was 2.55M shares.
ALK) stock’s latest price update
Alaska Air Group Inc (NYSE: ALK) has seen a rise in its stock price by 2.20 in relation to its previous close of 66.02. However, the company has experienced a 6.42% gain in its stock price over the last five trading sessions. forbes.com reported 2024-12-19 that Alaska Air stock (NYSE: ALK) is up nearly 20% in this month after the company raised its Q4 outlook. Alaska now expects its Q4 earnings to be in the range of $0.40 and $0.50 per share, versus its prior guidance of $0.20 to $0.40.
Analysts’ Opinion of ALK
Many brokerage firms have already submitted their reports for ALK stocks, with TD Cowen repeating the rating for ALK by listing it as a “Buy.” The predicted price for ALK in the upcoming period, according to TD Cowen is $78 based on the research report published on December 11, 2024 of the current year 2024.
TD Cowen, on the other hand, stated in their research note that they expect to see ALK reach a price target of $68, previously predicting the price at $50. The rating they have provided for ALK stocks is “Buy” according to the report published on December 04th, 2024.
UBS gave a rating of “Buy” to ALK, setting the target price at $72 in the report published on November 26th of the current year.
ALK Trading at 27.57% from the 50-Day Moving Average
After a stumble in the market that brought ALK to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 0.99% of gains for the given period.
Volatility was left at 2.99%, however, over the last 30 days, the volatility rate increased by 3.20%, as shares surge +28.71% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +51.18% upper at present.
During the last 5 trading sessions, ALK rose by +6.42%, which changed the moving average for the period of 200-days by +84.39% in comparison to the 20-day moving average, which settled at $58.75. In addition, Alaska Air Group Inc saw 72.69% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ALK starting from SCHNEIDER ANDREA L, who sale 800 shares at the price of $63.89 back on Dec 19 ’24. After this action, SCHNEIDER ANDREA L now owns 20,286 shares of Alaska Air Group Inc, valued at $51,112 using the latest closing price.
SPRAGUE JOSEPH A, the CEO Hawaiian A/L of Alaska Air Group Inc, sale 2,325 shares at $64.38 during a trade that took place back on Dec 18 ’24, which means that SPRAGUE JOSEPH A is holding 19,340 shares at $149,686 based on the most recent closing price.
Stock Fundamentals for ALK
Current profitability levels for the company are sitting at:
- 0.07 for the present operating margin
- 0.2 for the gross margin
The net margin for Alaska Air Group Inc stands at 0.03. The total capital return value is set at 0.06. Equity return is now at value 7.51, with 1.85 for asset returns.
Based on Alaska Air Group Inc (ALK), the company’s capital structure generated 0.52 points at debt to capital in total, while cash flow to debt ratio is standing at 0.23. The debt to equity ratio resting at 1.09. The interest coverage ratio of the stock is 6.15.
Currently, EBITDA for the company is 1.27 billion with net debt to EBITDA at 4.03. When we switch over and look at the enterprise to sales, we see a ratio of 1.27. The receivables turnover for the company is 21.09for trailing twelve months and the total asset turnover is 0.55. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.60.
Conclusion
In summary, Alaska Air Group Inc (ALK) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
